naynay97
Short

GBP/CAD pennant formation occured.

OANDA:GBPCAD   British Pound / Canadian Dollar
This looks like a pennant formation as there were 2 wicks that were acting as support and momentum of the current movement is decreasing as well.


Place stop loss below nearest support line and price will be taken at the next resistance.
Comment: Update:

This should say long not short sorry about that but however it could go either way due to the double top formed but lets see how it runs out when the market opens.

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out